MobilityOne (MBO) H1 2025 earnings summary

Executive summary

• Revenue rose 4.9% year-over-year to £116.0 million, mainly due to favorable exchange rates, though revenue in local currency declined slightly due to lower core product sales in Malaysia.

• Loss after tax narrowed to £1.14 million from £1.68 million in H1 2024, driven by improved gross margin, lower admin expenses, and reduced associate losses.

• Cash and cash equivalents fell to £3.0 million from £4.41 million a year earlier, while secured loans and borrowings increased to £6.94 million.

• The business environment remains challenging, with a cautious outlook for the rest of 2025.

• Pending completion of a joint venture and merger with Super Apps Holdings and TETE could significantly enhance financial position and growth.

Financial highlights

• Gross profit for H1 2025 was £5.59 million, up from £5.02 million in H1 2024.

• Operating loss reduced to £0.70 million from £1.38 million year-over-year.

• Basic loss per share improved to (1.071)p from (1.574)p in H1 2024.

• Total comprehensive loss for the period was £1.14 million, down from £1.72 million.

Outlook and guidance

• Core business in Malaysia remains dominant, with mobile prepaid reloads and bill payments as main activities.

• International remittance and retail electronic payments expected to grow, but e-money and Brunei payment solutions remain minor.

• Health technology initiatives gaining traction, with new hospital projects in Thailand and Malaysia.

• Cautious outlook for H2 2025 due to ongoing market challenges and pending major transactions.